Middle east news

8 November 2019 06:25 PM US wholesale inventories drop in September

Mubasher: US wholesale stockpiles declined by the end of September, official final estimates showed on Friday.

8 November 2019 06:17 PM US consumer sentiment records slight change in early November

Mubasher: Preliminary reading by the University of Michigan suggested that the US consumer sentiment almost stabilised in early November.

Global Markets brief

8 November 2019 05:18 PM Alibaba eyes $15bn Hong Kong IPO in late November–Report

Mubasher: Alibaba prepares to launch a Hong Kong share offering in November's final week, as it targets to raise between $10 billion and $15 billion.

Global Markets brief

8 November 2019 04:42 PM Central Asia, Caucasus growth seen 4.5% in 2019, 2020–IMF

Mubasher: Economies in the Caucasus and Central Asia (CCA) are expected to grow at an overall pace of 4.5% in 2019 and 2020.

Global Markets brief

8 November 2019 03:48 PM Euro hits 3-week trough; dollar advances on Sino-US trade hopes

Mubasher: The euro hit a three-week low against the dollar, as the greenback was boosted on news of a US-China agreement on tariff rollback.

Global Reports

8 November 2019 03:30 PM Iran downs drone over Gulf port city–State media

Mubasher: Iranian forces on Friday downed a drone belonging to a foreign country, state news agency IRNA said, citing an official.

Global Reports

8 November 2019 03:14 PM Trump will not slap tariffs against European autos–EU head

Mubasher: European Commission President Jean-Claude Juncker said the US will not announce tariffs on European autos next week.

Global Reports

8 November 2019 02:45 PM Moody’s downgrades India’s credit outlook to ‘negative’

Mubasher: Moody's cited worries that the Asian nation's economic growth will remain lower than in the past years.

Global Markets brief

8 November 2019 02:21 PM Lionsgate posts strong earnings in September quarter

Mubasher: US entertainment company Lionsgate posted earnings for the second quarter of its fiscal year 2020, which came beyond Wall Street estimates.

Global Markets brief

8 November 2019 00:30 PM Oil drops as doubts mount US-Sino trade deal

Mubasher: Oil prices fell on Friday amid uncertainty pertaining to the chances and time of the long-awaited deal between the US and China.

Global Markets brief

8 November 2019 11:56 AM Gold rises; heads for biggest weekly drop in 2.5 years

Mubasher: Gold was on course of its biggest weekly drop in two years and a half, as hopes of a US-China deal boosted risk-taking appetite.

Global Reports

8 November 2019 11:17 AM German exports post biggest growth in 2 years

Mubasher: Germany’s shipments abroad jumped in September, easing some of the worries of Europe’s biggest economy plunging into recession in the third quarter.

Global Markets brief

8 November 2019 10:45 AM Allianz’s profit ticks up 0.6% in Q3

Mubasher: German insurance company Allianz on Friday said that its profit slightly edged up by 0.6% year-on-year in the third quarter of 2019.

Global Reports

8 November 2019 10:14 AM China’s exports, imports fall in October

Mubasher: Chinese exports saw the third straight monthly decline in October, as imports dropped for the sixth month running, customs figures showed on Friday.

Global Reports

7 November 2019 06:47 PM US natural gas investors level up; Futures decline

Mubasher: US natural gas storage increased by 34 billion cubic feet (Bcf) in the week ended 1 November, to a total of 3,729 Bcf.

Oil and Energy

7 November 2019 06:08 PM Global food prices rise for first time in 5M–FAO

Mubasher: Global food prices recorded in October the first increase in five months, led by surges in quotations for sugar and cereals.

Global Markets brief

7 November 2019 05:12 PM UniCredit’s net profit grows 26% in Q3; confirms full-year outlook

Mubasher: UniCredit on Thursday said that its net profit climbed by 25.7% year-on-year in the third quarter of 2019, led by trading gains.

Global Reports

7 November 2019 04:46 PM US initial jobless claims fall in early November

Mubasher: The number of unemployed individuals applying for benefits declined last week, official weekly report showed on Thursday.

Global Markets brief

7 November 2019 04:21 PM Siemens registers EUR 2.6bn profit in Q4-19

Mubasher: German automation company Siemens posted an operating profit of EUR 2.64 billion ($2.92 billion) in the fourth quarter of the fiscal year 2019.

Global Reports

7 November 2019 04:07 PM BoE holds interest rates unchanged

Mubasher: The Bank of England on Thursday decided to maintain its benchmark rate at its current level.

Global Reports

7 November 2019 02:25 PM Commerzbank’s posts 35% profit growth in Q3

Mubasher: Germany's Commerzbank on Thursday said that its profit climbed by 34.67% year-on-year in the third quarter of 2019, while its revenues rose by 2%.

Global Markets brief